14. November 2024
The Company has established a remuneration committee that consists of three members of the Board of Directors. The members of the remuneration committee are and shall be independent of the Company’s Management.
The members of the remuneration committee are appointed by the Board of Directors for a period of two years, or until they resign their position as a member of the Board of Directors.
The remuneration committee is a preparatory and advisory committee for the Board that shall prepare matters for the Board’s consideration and decisions regarding the remuneration of, and other matters pertaining to the Company’s Management. The recommendations of the remuneration committee shall cover all aspects of remuneration to the Management, including but not limited to salaries, allowances, bonuses, options and benefits-in-kind.
The Company has adopted separate instructions for the remuneration committee setting out further details on the duties, composition and procedures of the committee.